KBC Group NV Buys 4,048 Shares of Allegion PLC $ALLE

KBC Group NV boosted its stake in Allegion PLC (NYSE:ALLE) by 27.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,652 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,048 shares during the quarter. KBC Group NV’s holdings in Allegion were worth $2,688,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Allegion by 380.0% in the 1st quarter. AQR Capital Management LLC now owns 1,118,960 shares of the scientific and technical instruments company’s stock valued at $142,707,000 after buying an additional 885,857 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Allegion by 22.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company’s stock valued at $623,104,000 after acquiring an additional 878,796 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Allegion by 390.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 593,298 shares of the scientific and technical instruments company’s stock valued at $85,506,000 after acquiring an additional 472,435 shares during the last quarter. Nuveen LLC acquired a new position in Allegion during the first quarter valued at approximately $40,240,000. Finally, Cooke & Bieler LP lifted its stake in Allegion by 118.5% during the second quarter. Cooke & Bieler LP now owns 544,659 shares of the scientific and technical instruments company’s stock worth $78,496,000 after purchasing an additional 295,395 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALLE has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. Zacks Research cut shares of Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Finally, Barclays upped their price objective on shares of Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $176.38.

Allegion Stock Performance

NYSE ALLE opened at $161.24 on Monday. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.68. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. The stock has a market capitalization of $13.87 billion, a PE ratio of 21.82, a P/E/G ratio of 3.15 and a beta of 1.07. The company’s 50 day simple moving average is $172.90 and its two-hundred day simple moving average is $159.18.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm posted $2.16 EPS. Allegion’s revenue for the quarter was up 10.7% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, September 15th. Allegion’s dividend payout ratio (DPR) is 27.60%.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.